Annual Technical Report Pine Creek Property EL 28463, 25 August 2011 to 24 August 2013

Abstract

An initial exploration review of EL 28463 using screening criteria developed from studies of the local geology and gold mineralisation indicate that the exploration target on EL 28463 is of a lower order. While the tenement is situated on a ENE-WSW cross-structure, this maybe compressive in nature. The magnetic response indicates this area is significantly deeper than a similar area to the east on EL 27732, which has a stronger magnetic response and implies a regional westerly dip. Critical assessment has to be applied to the economic feasibility of exploring this area. Diamond drilling in the major TMI response to the east has shown Au mineralisation to be encountered at depths beyond 400 m. The diffuse magnetic response may be considerably deeper.